https://resmail.cgs-cimb.com/e/763223/e2-70a0-4252-a7fa-7eec07879ed4/r1by8v/586966139?h=R_PlSPD_rQkVSUa83CxIB9_loz2Y7Ji2biB193VNUlk

ADD, tp:MYR1.94 ) - Robust order flows despite transient hiccups - 20/12
We came away from VSI’s recent analyst briefing more positive on its prospects, buoyed by a strong order flow outlook from key customers. VSI has secured new models from its existing key customer and is still on track to ramp up production for newer customers. Reiterate Add with a higher TP of RM1.94 (19x CY23F P/E).

VS Industry Bhd (ADD, tp:MYR1.94 ) - Robust order flows despite transient hiccups - 20/12

We came away from VSI’s recent analyst briefing more positive on its prospects, buoyed by a strong order flow outlook from key customers. VSI has secured new models from its existing key customer and is still on track to ramp up production for newer customers. Reiterate Add with a higher TP of RM1.94 (19x CY23F P/E).

https://resmail.cgs-cimb.com/e/763223/e2-70a0-4252-a7fa-7eec07879ed4/r1by8v/586966139?h=R_PlSPD_rQkVSUa83CxIB9_loz2Y7Ji2biB193VNUlk

China's property distress sours steel sector in warning sign for economy https://www.thestar.com.my/business/business-news/2021/12/20/china039s-property-distress-sours-steel-sector-in-warning-sign-for-economy

China's property distress sours steel sector in warning sign for economy https://www.thestar.com.my/business/business-news/2021/12/20/china039s-property-distress-sours-steel-sector-in-warning-sign-for-economy

proactive management and excellent investor relations exercise....price will recover rapidly

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3216174


V.S. Industry Berhad
Registration no: 198201008437 (88160-P)
PRESS STATEMENT / SIARAN AKHBAR
(FOR IMMEDIATE RELEASE)
JOINT STATEMENT BY VS AND MIGRANT WORKER RIGHTS
SPECIALIST, ANDY HALL, WITH REGARDS TO WORKERS’
WELFARE
• Andy Hall stresses that further independent third party audits and credible
investigations are needed into the situation of migrant workers in
Malaysian industries.
• He currently has no intention to launch public campaigns against any
specific companies that are open to constructive dialogue on migrant
worker rights.
• Both VS and Andy Hall are in discussion on areas of fruitful cooperation
into the future to enhance the welfare of migrant workers at the company.
Johor Bahru, 6 December 2021 – Leading Electronics Manufacturing Services
(“EMS”) provider in Malaysia, V.S. Industry Berhad (“VS” or the “Group”) (“威鋮
集团”) has proactively reached out to Migrant Worker Rights Specialist, Mr.
Andy Hall, following references made to VS by Mr. Hall during a recent investor
briefing on the topic of migrant workers’ welfare in Malaysia.
Following a discussion between both parties, Migrant Worker Rights
Specialist, Andy Hall commented, “I continue to mention in my capacity as an
independent guest speaker at conferences and investor briefings that there is
a need to conduct further due diligence with regards to the situation of migrant
workers at suppliers of many MNC brands in Malaysia. My areas of concern
2
include the legality of the use of outsourced migrant workers through third party
agents, the risks inherent in the government’s recalibration scheme as well as
working hours, living wage and social dialogue issues, amongst others.
However, my recent comments were not meant as a direct reference to indicate
irremediable migrant worker issues at VS.”
“At this juncture, I have no intention to launch further public campaigns against
any specific companies that are open to constructive dialogue on migrant
worker rights, given the inherent risks of publicity to the well-being of all
concerned, especially the workers and their families. It is also important to
ensure migrant workers’ livelihoods are sustained, while not compromising their
welfare. It would not be an ideal situation if in the end, any workers, whether
Malaysian or migrant, lose their jobs due to exploitation of situations that could
and should be remedied.”
“Nevertheless, I do believe my concerns are valid and should be treated
seriously by companies, the government and investors in Malaysia and globally.
Hence, I urge both suppliers, buyers and brands to urgently remediate serious
social non-compliance issues and ensure a much needed strengthening in the
overall sectoral and corporate approach to engaging and improving social
compliance, as the ‘S’ is often left behind in the ESG concerns for the industry.”
“In this regard, I am happy that the management of VS share my concerns and
we are already in discussion on the subject of migrant workers’ welfare following
the company’s effort to proactively reach out to me so I could share my concerns
with them. I have offered my immediate suggestions for VS’s management to
consider. I look forward to further exchange of communication with VS
leadership that can surely bring win-win outcomes to both migrant workers and
VS,” Mr. Hall added.
Managing Director of VS, Datuk S.Y. Gan (拿督颜森炎) said, “At VS, we place
high priority on ESG matters, and are committed to maintaining our high
3
standards of corporate governance. On the subject of migrant workers, we are
serious in our efforts to safeguard the legitimate rights and interests of all
employees, including migrant workers. Obviously, managing a large pool of
migrant workers indeed comes with challenges. As such, we have experienced
and trained personnel in-charge of the management of migrant workers.”
“We are in compliance with all government regulations with regards to our
migrant workers. We have also passed the latest audit checks by the
Responsible Business Alliance or RBA, as well as by our key customers with
no material issues highlighted. Notwithstanding this, we acknowledge and
appreciate the concerns brought up by Andy Hall, and we understand where he
is coming from. In response, as a transparent and responsible corporate citizen,
VS wishes to once again stress we are open to working with external parties
including civil society who can add value and further strengthen our ESG
initiatives, including as regards enhancing the welfare of migrant workers.”
“With our operating history of over 40 years, VS has established a strong
reputation with our MNC clients. As such, it is certainly in our best interest to
ensure all our practices are above board to uphold our reputation with our
clients and build long term relationships with them.” Datuk Gan concluded.

https://focusmalaysia.my/serbas-indefinite-trading-suspension-to-stay-till-release-of-sir-findings/

congrats to the kpower diamond hands , next week tidal wave up by Serba will lift Kp up also

https://www.theedgemarkets.com/article/kpmgs-banking-audits-arent-good-enough-uk-watchdog-says

https://www.bloomberg.com/news/articles/2021-07-18/record-steel-prices-inject-life-into-long-suffering-industry?srnd=premium-asia

https://www.bloomberg.com/news/articles/2021-07-18/record-steel-prices-inject-life-into-long-suffering-industry?srnd=premium-asia

https://www.thevibes.com/articles/news/31723/186-hours-ot-a-month-60-workers-to-a-room-johor-factory-under-us-probe

Lordstown back in business....positive for Greatec.

https://www.cnbc.com/2021/06/15/lordstown-motors-shares-soar-after-new-chairwoman-says-production-plans-remain-on-track.html

“The sale of the shares is largely due to the technicalities of the stock market margin call and was not an off-loading of shares exercise”, said Awang Daud in a statement, adding that these were merely groundless denunciations.

“Speculations that Datuk Awang Daud and Datuk Karim (group managing director/CEO Datuk Dr Abdul Karim Abdullah) are parting ways are unfounded,” the aide pointed out on condition of anonymity. “Their partnership which dates back to 1993/1994 is very much intact.”

https://focusmalaysia.my/top/serba-dinamik-awang-daud-has-no-intention-to-exit-the-company/

Awang Daud has rubbished the rumours that he is splitting ways with the company which he co-founded in 1993, alongside group chief executive officer and largest shareholder Datuk Dr Mohd Abdul Karim Abdullah.

diamond hands please.

https://www.theedgemarkets.com/article/awang-daud-i-sold-serba-dinamik-shares-due-margin-call-%C2%A0%C2%A0

https://www.bloomberg.com/news/articles/2021-05-17/ports-on-u-s-west-coast-race-to-clear-ship-backlog-by-august

time to pick up Gtronic now that Head and Shoulder correction is over. See weekly chart for analysis.

https://imgur.com/a/qoXrc9D

Too undervalued at 1.11 today

EITA Resources Bhd (ADD, tp:MYR2.08) - The RM1bn dream - EITA is eyeing mergers and acquisitions (MA) to lift its revenue from RM284.1m in FY9/20 to RM1bn by FY25F, or a 28.6% FY20-25F CAGR. It may be too early to say if this aspiration is achievable. Our FY9/21-23F net profit growth of 4-10% is premised on no more disruptions from lockdowns. Reiterate Add. Our post-bonus issue TP is RM2.08 (20x CY22F P/E, 30% discount to global elevator makers’ weighted average).

https://gofile.io/d/dtQZza

the 45mil share disposal was a married deal which is probably just a change of strategic investor. Shareholders are still holding strong. Rebound coming next week.

Gloves Not Required During Vaccinations or Injections

https://goodyfeed.com/nurses-gloves-vaccines-explained/

Gloves Not Required During Vaccinations or Injections

https://goodyfeed.com/nurses-gloves-vaccines-explained/

Supermax high chance of inclusion into KLCI when announcement on 3 Dec. Compare latest share cap with Supermax 23B

https://postimg.cc/14QS65sQ

Supermax Corp Bhd will be added into the MSCI Global Standard Indexes as of close of Aug 31, 2020. Supermax is among 18 companies worldwide, and one out of two companies in Malaysia, to be added to the MSCI Global Standard Indexes under MSCI Malaysia Index. Look back to that day's trading and you will the big spike at close of that day.

Watch for similar spike in the next KLCI review result due on Dec 3 and the changes will be effective on Dec 21.

https://www.klsescreener.com/v2/news/view/757363/supermax-likely-to-join-fbm-klci-in-next-review

The next KLCI review result is due on Dec 3 and the changes will be effective on Dec 21.

TG buying millions of share buy backs (SBB) in preparation for HKSE IPO listing soon. All these treasury shares will eventually be relisted in HK when they list in 6 months time. So just sit tight and know that the SBB prices will bet the average floor price for the IPO in HKSE. It's a winning move for TG and not wastage like some forumers' claims

the millions of share buy back is for future IPO listing in HKSE. Very smart move and will set a floor to the unappreciated KLSE valuation. So, please look longer term. These treasury shares will eventually be relisted in HKSE with much higher valuation.

there is no permitted short selling(PSS) for the CW issuers. Cant really blame IB for drop in gloves mother share price. it's just sell on news and will eventually rise to catch up with fundamentals.

"Weekly Q&A with Kenanga's Warrant Issuers" (18 Sept 2020)

❓Forwarded message on Whatsapp: "Market was seemed to be manipulated yesterday when all glove stock was sold at low points because IB did shortselling! ....etc etc"

Isabelle: Usually we don't answer to "forwarded messages" (who has the time!) but we have received many messages on this today. We want to educate & clarify.

Structured Warrants market-making is SEPARATE from ETF market-making.
PSS is allowed for hedging ETFs, not Structured Warrants https://www.bursamalaysia.com/sites/5bb54be15f36ca0af339077a/assets/5bb55a6e5f36ca0c3028d856/Annexure_1___Rule_Amendments.pdf

Following the Edge article we've been forwarded, it should say - "The suspension does not, however, apply to permitted short selling..............which is for ETFs"
https://www.theedgemarkets.com/article/sc-and-bursa-extend-temporary-short-selling-suspension-amid-covid19-volatility
Think of this logically from another angle, there are no ETFs on Rubber Gloves, hence no PSS on Rubber Gloves.

Jaks will probably will trend up just MFCB which also has power project at Laos

This article concludes that JHDP is expected to deliver EPS of between RM0.30 to RM0.40 to Jaks. At PE of 10 to 15 times, Jaks is worth between RM3 to RM6.

read back this good analysis:
https://klse.i3investor.com/blogs/kianweiaritcles/2020-06-22-story-h1508905341-JAKS_Cash_Cow_In_The_Making_Bursa_Dummy.jsp

Topglove owners bought lots announced today for blackout period as Topglov result out 17 Sep. Hope this mothership will lift all the glove boats soon

Glove investors should not fear the vaccine development as there will be more consumption of gloves to handle the millions of populations to vaccinate as well as new users like hotels, F&B, cashiers etc. Even the vaccination may turn out to be annual booster jab which up the consumption of even more gloves. U can see Topglov insiders are buying up lots today

Glove investors should not fear the vaccine development as there will be more consumption of gloves to handle the millions of populations to vaccinate as well as new users like hotels, F&B, cashiers etc.

hi, anyone knows why and who is this big insider FMR LLC selling non stop large blocks? how is the share gonna move up with these heavy selling?

https://www.theedgemarkets.com/article/scientists-see-downsides-top-covid19-vaccines-russia-china

no silver bullet yet

Moderna and Pfizer’s COVID-19 vaccine candidates require ultra-low temperatures, raising questions about storage, distribution

The storage requirements for mRNA vaccines for COVID-19 ‘would make traditional office or pharmacy administration very difficult,’ one Wall Street analyst said

https://www.marketwatch.com/story/moderna-and-pfizers-covid-19-vaccine-candidates-require-ultra-low-temperatures-raising-questions-about-storage-distribution-2020-08-27

The vaccine distribution will not be simple and fast. Don't bank on vaccine counters so easily. Better hold to gloves as new sectors will provide support due to increased hygiene awareness eg. airlines, hotels etc

Hexza give u indirect exposure to US NASDAQ stars, Apple, FB, Alibaba, Nvidia.....smart mgmt ! They dont keep in paltry FD or UT returns. I suspect it's their new CEO who was a previous fund manager.

Check out their investments potential unrealised gain with US hitting records this week.

https://ibb.co/HTXj2J3

Iris and MyEg The Front Runner for NIIS - Edge

Announcement this month. Grab both !

https://ibb.co/CvRn8kz

https://www.theedgemarkets.com/content/morning-call-12820

UOB TP: 7.60

CW88 premium is small -0.16% only. Still attractive CW to buy compared to newer ones
https://www.klsescreener.com/v2/stocks/view/710688

no need to worry too much with this retracement. Supermax will issue bonus to bring down the absolute price level and no worry about margin hair cut level.

C90 premium is large due to longer expiry and implied vol. it is not accurate to compare based on premium size.

CGS CIMB Research dd 20.5.2020----- TP RM 6.50 (ADD) Supermax

https://rfs.cgs-cimb.com/api/download?file=35E2F732-20D2-4740-ACB5-C7B21BA6BF0A

Gloves sector re-rating coming. Speculative positives: bonus issue?

https://www.theedgemarkets.com/article/serba-dinamik-raise-rm580m-private-placement

The amount represents a discount of about 10% or 16 sen to the five-day volume weighted average market price of Serba Dinamik shares of RM1.63 apiece as at April 16, the latest practicable date, it added.

This will be floor going forward as bankers have interest to maintain this level to sign up PP investors. It is a positive move as gearing ratio will improve also.

https://www.thestar.com.my/opinion/letters/2019/12/17/thanks-for-speeding-up-foreign-worker-replacements?itm_source=parsely-api

US markets are trending up now....emerging markets will follow soon. Buy now before it's too late